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Court disagrees with FCA on whether e-money firms hold money on trust

Author: Simon Treacy

Court disagrees with FCA on whether e-money firms hold money on trust

In ipagoo, the High Court finds that the Electronic Money Regulations do not impose a statutory trust. The decision also extends the interpretation of asset pool under the EMRs.

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Court disagrees with FCA on whether e-money firms hold money on trust

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Court disagrees with FCA on whether e-money firms hold money on trust

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